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    3300 Lake Mary Blvd Lake Mary, FL 32746

    Sponsored
    For Lease
    $18 SF/Yr

    Prestigious Lake Mary office space available.

    Lot size:
    28,183 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    400
    The Crystal Center, located at 3300 W Lake Mary Blvd in Lake Mary, Florida (zip code 32746), offers exceptional executive office suites for lease. This Class B building, totaling 28,183 square feet, underwent renovations in 2016 and was originally constructed in 1999. The property features abundant parking for tenants and their guests. Currently, there are two suites available within the building, offering flexible space options. Individual suites range from a minimum of 1,219 square feet to a maximum contiguous space of 2,849 square feet. A total of 4,068 square feet is currently vacant and ready for immediate occupancy. The building is ideally suited for businesses seeking high-quality, well-maintained office space in a prime Lake Mary location within Seminole County. The property's multiple tenancy structure provides a diverse and vibrant business environment. Interested parties are encouraged to inquire about available suite sizes and lease terms. This is a fantastic opportunity to establish a presence in a thriving business community.

    Property Features for 3300 Lake Mary Blvd

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    28,183 SF
    Class
    B
    Total Rate
    42274.5

    Building Details

    Year Built/Renovated
    1999/2016

    Unit(s) available at that property

    Space
    Suite 300
    Size
    2,849 SF
    Rate per SF
    $18
    Space
    Suite 340
    Size
    1,219 SF
    Rate per SF
    $18

    HighLights

    • 28,183± rentable square feet in prestigious Lake Mary.
    • 1999 construction, with exterior painting in 2022, new roof in 2019, and renovations completed in 2016.
    • Pylon signage available on high‑traffic Lake Mary Blvd (46,273 VPD).
    • Ample parking.
    • Excellent location: across from Lake Mary post office, on‑site covered bus stop.
    • Easy I‑4 access via Lake Mary Blvd, close to Rinehart Rd, Longwood‑Lake Mary Rd, and US Hwy 17‑92.
    Property Profile Location Intelligence

    Current Use by Public Records

    Orlando Advanced Dentists Dentist Trevisani Ronald DDS Dentist Florida Center for Plastic ... Medical Clinic Anita Gupta, MD Family Practice Physician Caggiano, Christopher DO Doctor

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Lake Mary
    County
    Seminole
    State
    Florida
    Longitude
    -81.3368259
    Latitude
    28.7568756

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    FAQs

    What type of property is this?
    Office Property / Space - Prestigious Lake Mary office space available.
    Where is this office property / space located?
    The property is located at 3300 Lake Mary Blvd Lake Mary, FL.
    What is the lease rate?
    The lease rate is $18 SF/Yr.
    What are key features of this property?
    This property features: 28,183± rentable square feet in prestigious Lake Mary.; 1999 construction, with exterior painting in 2022, new roof in 2019, and renovations completed in 2016.; Pylon signage available on high-traffic Lake Mary Blvd (46,273 VPD).
    Request Owner's contact information
    3300 Lake Mary Blvd Lake Mary, FL 32746
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3300 Lake Mary Blvd Lake Mary, FL 32746
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